Infosys ADR plunges 10 per cent in NYSE trade as Q4 results disappoint investors

The Infosys ADR remained volatile on Friday after sinking up to 10 per cent the previous day as the company’s fourth quarter results and its tepid guidance disappointed investors.

Analysts now expect a pent-up reaction to the results on the Indian bourses on Monday — with the company announcing its fourth-quarter report card after market hours on Thursday, while the markets were closed on Friday because of Ambedkar Jayanti.

On Thursday, the shares of the country’s second-largest IT services firm had closed at Rs 1,388.60 on the BSE, a fall of 2.79 per cent over its previous close.